Pulp & Paper

International Paper Company IP reported 2Q 2020 net sales declined to $4,866 million in 2Q from the year-ago quarter’s $5,667 million. The reported figure also missed the Zacks Consensus Estimate of $5,124 million. Adjusted cost of sales was...

Mondi Paper Bags, part of Mondi Group, a leading global packaging and paper manufacturer, has acquired two paper bag lines from Helwan Cement Company and InterCement Sacs, two major cement producers in Egypt. The acquired production lines will...

Norske Skog’s EBITDA in 2Q 2020 was NOK 138 million ($14.9 million), a decrease from NOK 379 ($41 million) in 1Q 2020, mainly due to national restrictions on movement of goods and people following the outbreak of the...

Sales decreased by 20% to EUR 2,077 million due to lower deliveries of graphic papers and lower pulp and paper sales prices. Comparable EBIT decreased by 41% to EUR 203 million, and was 9.8% of sales.

Stora Enso’s 1Q 2020 sales decreased by 18,9% YoY to Euro 2,114 billion. The Covid-19 crisis has accelerated the decline in demand for European paper, and the market conditions for the Group’s other products continue to be mixed....

Wood fiber costs fell for many hardwood pulp-producing countries worldwide in the 1Q/20. The biggest declines (in US dollar terms) were seen in the US South, Russia, and Latin America, where hardwood pulplog prices were down between 5...

Russian Timber Journal 06-2020: interview with Thomas Meth, Executive Vice President of Sales and Marketing at Enviva Partners; plywood export from Russia demonstrates confident growth; according to Rosleskhoz data, timber harvesting in Russia reduced by 8% in 2019...

In 1H 2020 Svetlogorsk Pulp and Paper Mill (Svetlogorsk, Republic of Belarus) sold over 134.000 tons of bleached sulphate pulp for Br131.7 million ($ 54.8 million). This is 85.7% more than in 1H 2019. The mill is steadily...

UPM has halted production at its newsprint mill in Grand-Couronne, France, cutting 228 jobs and lowering its annual newsprint production capacity by 240,000 tonnes, the Finnish forestry group said in a statement. UPM said the closure would mean...

The investment project “Modernization of Production of Ilim Group JSC in the Arkhangelsk Region” is included in the list of priority investment projects in the forest industry (by the Order of the Ministry of Industry and Trade of...

On July 9, 2020, an agreement was signed between the region and Arkhbum JSC on the implementation of the investment project at the Representational Office of the Ulyanovsk Region in Moscow. The document was signed by Sergey Morozov,...

As brand owners and consumers look to lower their environmental impact, Stora Enso hopes that its new plastic-free, lightweight board designed for premium packaging will help them decrease their carbon footprint.